Rehab loan is needed for 55 Vernon Street, Bridgewater MA 02324. The property appraised for $265,000. I purchased it for $200,000 on 02/10/2023, I will need $100,000 rehab loan including a new septic system install. A...
BP folks, I am thinking of investing in a Quadplex which will cost about 150K and another 40K in renovations? Can I get a loan on 190K with 25% down? Are there lenders and banks who provide renovations loans? Please ...
This is purely hypothetical but I had an idea that I could explore if it's even legal. My idea is to work with RE investors/buyers, and use my available funds to provide a proof-of-funds letter for their deals, and c...
hello bp,What's the best way to accurately estimate what your new loan payment will be after a cash out refi? Also are closing costs for a new purchase the same as closing cost for a refinance ?Thanks for any input!
Hi San Diego and south CA investors, I am currently working on my first R on my first BRRRR and I havealready started thinking on my next R. I was wondering if anyone with more experience here in San Diego or southern...
HeyI have recently bought a non performing 1st mortgage, it appears that insurance is not being paid for, and it will take some time before the loan will be boarded by my loan service company so I would like to get fo...
I have a PMI on a mortgage with Wells Fargo. In my recent appraisal done by them, my equity is 28%. But they are saying that I have not done any significant improvements and hence they cannot cancel the PMI. Can they ...
Hello All, The title says it all. Could someone please tell me if you can use your real estate commission (I am a licensed agent) as my 3.5% down payment on an owner occ FHA purchase loan? I will still h...
Hi,I opened a Solo 401K via Etrade for my LLC in 2016 and deposited the IRS limit 18k + 25% of W2 income. Note that my LLC is not related to real estate. I thought I would use the 401K to invest actively in stocks, ho...
If a hard money lender provides you with a POF letter in order to make offers, does this mean that if an offer gets accepted they have to provide the loan? Obviously hard money lenders have certain criteria the pro...